Veoneer Inc (NYSE:VNE) – Stock analysts at Jefferies Financial Group lowered their Q1 2019 earnings estimates for shares of Veoneer in a report issued on Thursday, February 14th. Jefferies Financial Group analyst D. Kelley now anticipates that the company will post earnings of ($1.05) per share for the quarter, down from their previous forecast of ($0.82). Jefferies Financial Group currently has a “Hold” rating and a $34.00 target price on the stock. Jefferies Financial Group also issued estimates for Veoneer’s Q2 2019 earnings at ($0.74) EPS, Q3 2019 earnings at ($0.69) EPS, Q4 2019 earnings at ($0.68) EPS, FY2019 earnings at ($3.16) EPS and FY2020 earnings at ($2.05) EPS.
Several other research firms have also recently weighed in on VNE. BMO Capital Markets decreased their price objective on shares of Veoneer from $60.00 to $49.00 and set an “outperform” rating on the stock in a research report on Monday, November 5th. They noted that the move was a valuation call. Buckingham Research set a $34.00 price objective on shares of Veoneer and gave the stock a “hold” rating in a research report on Tuesday, October 30th. Morgan Stanley cut shares of Veoneer from an “overweight” rating to an “equal weight” rating and set a $43.00 price objective on the stock. in a research report on Thursday, December 6th. KeyCorp began coverage on shares of Veoneer in a research report on Monday, December 10th. They issued a “sector weight” rating on the stock. Finally, Longbow Research upgraded shares of Veoneer from a “neutral” rating to a “buy” rating and set a $40.00 price objective on the stock in a research report on Monday, January 14th. Six equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $42.53.
Shares of Veoneer stock opened at $29.47 on Monday. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.62 and a quick ratio of 2.35. Veoneer has a 12-month low of $22.63 and a 12-month high of $57.93.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Ulysses Management LLC grew its position in Veoneer by 256.4% during the fourth quarter. Ulysses Management LLC now owns 335,400 shares of the company’s stock valued at $7,905,000 after acquiring an additional 241,300 shares during the last quarter. Jane Street Group LLC grew its position in Veoneer by 88.6% during the fourth quarter. Jane Street Group LLC now owns 92,747 shares of the company’s stock valued at $2,186,000 after acquiring an additional 43,573 shares during the last quarter. Voloridge Investment Management LLC bought a new position in Veoneer during the fourth quarter valued at approximately $1,148,000. OLD Mission Capital LLC grew its position in Veoneer by 2,626.4% during the fourth quarter. OLD Mission Capital LLC now owns 117,617 shares of the company’s stock valued at $2,772,000 after acquiring an additional 113,303 shares during the last quarter. Finally, Paloma Partners Management Co grew its position in Veoneer by 363.0% during the fourth quarter. Paloma Partners Management Co now owns 37,500 shares of the company’s stock valued at $884,000 after acquiring an additional 29,400 shares during the last quarter. Institutional investors and hedge funds own 27.88% of the company’s stock.
About Veoneer
Veoneer, Inc designs, develops, manufactures, and sells automotive safety electronics products. The company offers automotive radars, cameras with driver assist systems, night vision systems, positioning systems, restraint control, sensing, and brake systems. The company is based in Stockholm, Sweden.